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Hiring decline in Financial services, IT sectors

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With the fears of a global slowdown hovering upon the world economy, the Indian job market is already succumbing to the pressure. Recruitment numbers across all sectors declined by 25% in the last two quarters of FY11, with Q2 alone witnessing a 17% fall. The drastic drop in numbers is also being attributed to delays in hiring decisions by companies across the globe. Headhunters say, a combination of global worries and delayed decisions led to the decline.